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Oil holds steady - ING
Oil prices are trading almost flat this morning as the market has been caught between escalating geopolitical tensions and not particularly supportive fundamentals, ING's commodity experts Ewa Manthey and Warren Patterson note.
AUD/USD: Unlikely to reach 0.6700 - UOB Group
Australian Dollar (AUD) is likely to continue to edge higher, but it is unlikely to reach 0.6700. In the longer run, the price action continues to suggest a higher AUD; the next level to watch is 0.6700, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Dow Jones futures remain steady ahead of US Retail Sales data
Dow Jones futures are steady near 45,900 during European hours on Tuesday, ahead of the United States (US) market open. Moreover, the S&P 500 futures advance 0.20% to trade above 6,600, while Nasdaq 100 futures edge up 0.32% to trade near 24,400.
NZD/USD Price Forecast: Maintains its bullish stance despite rejection at 0.5980
The New Zealand Dollar has failed on its attempt to break the 0.5980 resistance area (September 11 high) earlier on Tuesday, but maintains its broader bullish trend intact amid the risk-on mood, with investors bracing for a Fed monetary easing on WednesdayThe US Dollar is trading lower across the bo
USD/CAD stalls below key 1.3920 resistance - Société Générale
USD/CAD is struggling to clear the August high at 1.3920, signaling fading upside momentum. A sustained failure to break this level keeps risks skewed lower, with 1.3720 pivotal for the next move, Société Générale's FX analysts note.
GBP/USD: Any advance is unlikely to reach 1.3660 - UOB Group
Further Pound Sterling (GBP) strength appears likely; any advance is unlikely to reach 1.3660. In the longer run, price action suggests GBP could rise to 1.3635, potentially reaching 1.3660, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EUR/USD eyes another test of 1.18 - Commerzbank
EUR/USD remains near the upper end of its three-month trading range, with another test of 1.18 possible today. Despite a recent spike, implied volatility has retreated, underscoring calmer market conditions, Commerzbank's FX analyst Michael Pfister notes.
EUR/USD: Clear break above 1.1790 might shift the focus to 1.1830 - UOB Group
Upward momentum is starting to build; the odds of Euro (EUR) breaking above 1.1790 are increasing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Gold approaches $3,700/oz - ING
Gold extended its rally to another fresh record high while Copper prices jumped to their highest level since June 2024, as market participants geared up for a potential easing of US Federal Reserve policy and wait for further rate cut signals this year, ING's commodity experts Ewa Manthey and Warren
EUR: Living with French political instability - ING
Political instability and missed fiscal targets are raising doubts about France's ability to meet EU rules and avoid further rating downgrades. The path ahead looks highly uncertain, ING's FX analyst Chris Turner notes.
US Dollar Index Price Forecast: Drops to near 97.00 as bearish bias strengthens
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its losses for the second consecutive session and trading around 97.10 during the European hours on Tuesday.
USD/CHF slumps to near 0.7900 as Fed dovish bets weigh on US Dollar
The USD/CHF pair falls sharply to near 0.7915 during the European trading session on Tuesday.
Silver Price Forecast: XAG/USD is pushing against $42.75 highs amid US Dollar's weakness
Silver's (XAG/USD) is trying to break all-time highs at $42.75 on Tuesday's Early European session, favoured by broad-based US Dollar weakness, as the market braces for a "dovish cut" at the end of a two-day Fed monetary policy meeting on Wednesday.Precious metals have been thriving in recent days w
Canada CPI expected to edge higher in August ahead of BoC rate cut decision
Statistics Canada will publish August's inflation figures on Tuesday. The numbers will give the Bank of Canada (BoC) a fresh read on price pressure as the central bank weighs its next move on interest rates. The BoC is expected to trim the interest rate by 25 basis points to 2.50% on Wednesday.
Forex Today: US Dollar remains weak pre-Fed, Gold hits new record-high
Here is what you need to know on Tuesday, September 16:
EUR/JPY pulls back toward 173.00 ahead of German ZEW Survey Economic Sentiment
EUR/JPY depreciates after three days of gains, trading around 173.10 during the early European hours on Tuesday. Traders await seasonally adjusted Eurozone Industrial Production figures for July and German ZEW Survey Economic Sentiment data for September.
When is the German ZEW survey and how could it affect EUR/USD?
The ZEW will release its German Economic Sentiment Index and the Current Situation Index at 0900 GMT in the EU session later this Tuesday, reflecting institutional investors' opinions for the next six months.
EUR/GBP keeps hesitating around 0.8650 following UK employment data
The Euro ticked up on Tuesday's early European session following better-than-expected UK employment figures.
Pound Sterling outperforms as UK employment data meets expectations
The Pound Sterling (GBP) attracts bids against its major peers on Tuesday, reaching its highest level in more than two months against the US Dollar, after the release of the United Kingdom (UK) labor market data for the three months ending July.
EUR/USD crawls higher as the US Dollar drifts on risk appetite
EUR/USD appreciates for the fourth consecutive day on Tuesday.
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